What's New 11/09/2015 Government looking at mid 2016 rollout of GST Irdai on policies in electronic form Norms for competition assessment of laws SEZ developers seek exemption from MAT Service tax burden still with MF distributors Companies Filing of documents and form in XBRL Rules 2015 10/09/2015 Tax exemptions for India Inc to be phased out says FM Govt stays on labour reforms path Centre clears 6per DA hike for employees pensioners Central govt allows automatic FDI route for white label ATMs No compounding of cases falling under new Act ITR Filing No Extra Time for Proprietary Biz Owners Capital Gains Tax Relief on Gold Bonds Likely No FPI in Commodities Till Review says RBI 20per import duty recommended on steel products for 200 days Declare your undisclosed assets abroad on or before 30th September, 2015 09/09/2015 EPFO mulls further reduction in admin fee charged from firms Taxman to compulsorily file court case if illegal foreign assets detected SEBI (Stock Brokers & Sub Brokers) (Amendment) Regulations,2015 Trai notifies tariff amendments Sebi notifies revised regulations ahead of FMC merger Sebi to enhance supervision of brokers to check misuse of funds GST rollout CBEC looks to curb tax evasion No Extension of Date for Filing of Returns due by 30th September for Assessment Year 2015-16 08/09/2015 Firms with annual turnover of Rs.25 lakh might not attract GST Govt panel for tax changes Limit on Contract Workers May be Fixed at 50 per in Cos CBDT Issues Rules for Compounding Offences Companies (Accounts) second Amendment Rules 2015 Amendment in schedule III regarding Trade Payables under Companies Act, 2013 07/09/2015 Patent Law has IT in a Tizzy MFs may Have to Cut Single Co Exposure-SEBI Compliance of norms can prevent bad days for cos-CCI Service tax scanner on 5 sectors CBEC to expedite adjudication of high value cases Filling a lacuna in export dues write off CIC warns Sebi on RTI disclosure-Central Information Commission Govt speeds up business visa approval High Frequency Trades may Hit Speed breaker-SEBI 05/09/2015 India’s tech prowess at play, as tax e- filing hits record high I-T Act may be Altered to Bury MAT Ghost Deposit tax or face the music, govt tells e-commerce traders Govt to extend social benefits under Jan Dhan: Jaitley Jaitley promises ease of doing biz, tax reforms Pay Advance Tax on or before 15th September 2015 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 04/09/2015 I-T dept seeks to look through discretionary trusts to go after the beneficiaries India May Defer Adoption of New Ac Norms Don’t pursue MAT cases against FIIs: CBDT to field staff Law panel report unlikely to force amendments in bilateral pacts Sebi notifies revised listing regulations Govt won’t reveal disclosures under black money window Sebi relaxes norms for related-party transactions 03/09/2015 Last date for e- filing of I- T return extended to September 7 Cabinet okays extension of part of land Act to other central laws Cash Withdrawal Limit at PoS May Go up to Rs 5,000 Swiss black money law to change, India will benefit Easier norms for industries soon 02/09/2015 Centre will permit state govts to amend 2013 land Act Jaitley RBI issues draft norms for marginal cost computation New Patent Norms to Ease Filing for IT Cos Tax dept to soon notify changes in scrutiny process to help honest taxpayers Govt sides with Shah panel MAT on FIIs history 01/09/2015 Date extended for assessees in Gujarat only till 7th Sept. 2015 Will GST make things costlier or cheaper Obligation for the Month of September 2015 Companies Management and administration Amendment Rules 2015 Missed tax filing deadline Don’t worry Foreign Banks Ask Indians to Use Compliance Window Govt plans to amend RBI Act by Feb Mehrishi 31/08/2015 To evade tax traders stock goods in UP Haryana towns Sebi poised to review surveillance systems UPAs land Act benefits to be extended to 13 enactments No payment systems to work on 2nd 4th Saturdays from Sept 1 RBI India Inc grapples with Ind AS SC picks holes in new land law Finance ministry RBI agree on key change e-file your Income Tax Return on or before 31st August 2015 28/08/2015 RBI doubles POS cash withdrawal limits Disclosures may be linked to returns seen on black funds CBDT notifies procedures for financial institutions to file info under FATCA Need better monetary policy transmission Reserve Bank Sebi reconstitutes takeover panel Spouse is immediate relative clarifies Sebi Open offer exemptions likely for forfeiture of party paid shares 27/08/2015 Black money window: More disclosures likely Sebi mulls delisting firms suspended for over 5 years Sebi for exemption from open offer in forfeiture of shares This Watchdog may be Bitten With Service Tax Labour reforms: Talks fail, unions to strike on Sept 2 26/08/2015 Cabinet Note Moved on Monetary Policy Panel Draft IFC falls short of addressing concerns Reserve Bank Focus on Negotiable Instruments Act Give notice before relocating office Govt may again go in for ordinance on land Bill RBI Advises Govt to Buy Back WPI linked Bonds Declare your undisclosed assets abroad on or before 30th Sep. 2015 25/08/2015 Sebi paves way for FMC merger CBEC must aim at 22% growth in service tax Local Law to Apply if Indian Entities Arbitrate Court Sebi Board Nod to Norms for Commexes Draft Legislations on GST Likely to be Finalised by Sept 15 Sebi approves new norms for commodity derivatives market 24/08/2015 Let States Clear Own Land Laws Chouhan MAT Relief for Foreign Portfolio Investors Likely Is Aadhaar enough? Taxman eyes service depts for complaint redressal I-T dept gets kudos for faster refunds Will your return get rejected? Paper soon to trim corp tax relief Excise appeal on service tax dismissed 22/08/2015 Cap on insurance commission to go Irdai More clarifications on black money Act likely soon SHAH PANEL WANTS NO LEVY BEFORE APR 1st 15 - MAT Committee Brings Good News for FPIs Government may put safeguard duty on steel import 21/08/2015 Small fin bank licences to be announced in Sept Norms for selection of CEOs of smaller PSBs Sebi proposes to relax rules for infra investment trusts Sebi interim order bars 59 entities from trading Black Money Laws Startle Banks Special Camp for ITR Filing to be Held in Delhi Govt Trying to Keep Reasonable GST Rate, says Finmin Last sate for Filing AIR Return 31st August, 2015 20/08/2015 30 Percent I T sop for units in 30 Bihar districts Key Services may be Taxed at Lower Rate in GST Regime Market regulator rejects plea to set minimum brokerage fee No plan for FDI in coffee rubber plantations Only senior I T officials before AAR CBDT Should you file returns if you have no taxable income You can bring in Rs.15,000 more without filling forms 19/08/2015 Irdai refuses any say to foreign partners RBI may relax ARC share sale norms Spectrum trading norms may affect telecom firms finances Rules May be Eased for Construction Workers to Avail Social Security Sops Govts laboured delivery on labour reforms EPFO reviews PF withdrawal plan 18/08/2015 GST Rollout Cos May Face Operational Issues with ERP Finmin Begins Budget Exercise Ahead of Schedule Govt hikes tariff value on imported gold silver Two Dedicated Verticals to Implement GST CBDT to Answer Queries Under Black Money Law Auditor points out conflict of interest in deals 17/08/2015 Big bang reforms for govt banks Proposed labour policy moots minimum pay for domestic help Few takers for black money window says SIT chief Govt push for corporate debt market on anvil PF withdrawal process eased Sebi notifies start up listing norms makes fund raising easier Banks cannot reject notes with scribbles 14/08/2015 FinMin allays fears that 1% tax over GST will make imported goods cheaper RBI asks government to amend cooperative bank laws Sebi FMC mergermay stump brokers Edgy FPIs Want to Know Score on Mauritius Treaty Companies may now find it easier to list on exchanges 13/08/2015 GST jettisoned govt considers special session Reserve Bankwarning on infra projects loan refinancing AMCs burdened with service tax liability M&A Deals May Hit Speed Bump With New Accounting Standards Out of 45 PSUs No Independent Directors in 28 Special session of Parliament likely to pass GST constitutional amendment bill Pay I T dues in advance at RBI or bank branches Haryana asks dealers to submit correct PAN details for GST 12/08/2015 Finance ministry confident of rolling out GST by April 1 next year Changes to LS Bill on GST to reduce cascading effect of 1% added tax Govt looks at raising minimum wages Parliament may seal GST Bills fate today Related party deals IiAS slams vague resolutions Compound Offences for Black Money Holders Aadhaar not Mandatory but Can be Used in PDS LPG Schemes SC CBDT Clarification on Foreign Arms Tax Liabilities in a Week

Updated Till : 11/09/2015